Many organizations are already benefiting from the use of AI in supply chain management. AI is currently good at two things needed in supply chain management: forecasting and inspection. Forecasting is used to predict downstream demand or upstream shortages, while inspection identifies problems in manufacturing and certifies materials and components.

The Battery Show in Novi, Michigan is bringing together suppliers, engineers, technology companies, and policymakers to discuss plans for electric vehicle (EV) batteries and infrastructure. With over 15,000 registered attendees and 800 suppliers, the show will focus on EV market forecasts, battery safety, and charging infrastructure. President Biden'

The U.S. Department of Commerce has launched a pre-application process for large-scale supply chain projects and wafer manufacturing facilities in the semiconductor sector. Projects with capital investments exceeding $300 million can qualify for funding under the Comprehensive Highly-Integrated Program for Semiconductors (CHIPS). The initiative aims to strengthen the U.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Rampant inflation has affected price tags across every sector, including grocery items and restaurants. Efforts made by the FED to combat these price increases have made it easier for consumers to budget

The US solar industry is expected to bounce back in 2023, with installations predicted to reach 28.4 GW, according to a report by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The report stated that the industry outperformed previous forecasts and credited the Inflation Reduction Act with spurring

The US is importing a smaller proportion of goods from China, highlighting a shift in global supply chains as companies diversify their manufacturing bases. Data from the US Census Department shows that China's share of US imports has dropped to 14.6%, the lowest since 2006. Mexico and

The global track and trace packaging market is projected to reach $4,204.65 million by 2033, driven by advancements in technology like RFID. Track and trace solutions, including blockchain technology, are gaining popularity in various industries, particularly in the supply chain. The pharmaceutical sector dominates the market, accounting for

The Defense Advanced Research Projects Agency (DARPA) has been addressing long-term technological barriers in the semiconductor supply chain for years. The US has seen a significant decline in its microchip production, with Taiwan now leading in semiconductor production. This dependency on overseas supply chains became a major concern during the

According to a report by Report Ocean, the North America Supply Chain As A Service (SCaaS) market is projected to reach $7,854.40 million by 2025, growing at a CAGR of 7.5%. The U.S. accounted for the highest market share in 2017, while Canada is expected to

Greenpeace USA has delivered a petition with over 51,000 signatures to Bumble Bee and its owners, urging them to stop sourcing from ships that exploit workers and harm the oceans. Activists marched to Bumble Bee's headquarters and hoisted banners reading "End Modern Slavery" to raise

VERSES AI Inc. has signed a milestone contract with a Fortune 100 pharmacy retailer in the US to enhance its operational intelligence and efficiency. VERSES will use its intelligence platform, KOSM, and simulation services to address challenges in the retailer's distribution centers. SimWell, a simulation technology firm, will

South Korea and Indonesia have agreed to strengthen their cooperation in economic security, aligning with US President Joe Biden's efforts to restructure the global supply chain away from China. The two countries signed several memorandums of understanding focusing on collaboration in areas such as electric vehicles (EVs), infrastructure,

The USDA reports that increased shipping restrictions and higher prices could pose challenges as corn and soybean harvests progress. Low water levels on the Mississippi River have caused restrictions on grain loading, leading to delays and higher rates. These delays can impact commodity prices and disrupt barge shipments for spring

The US Department of Energy (DOE) is providing $150 million in funding to develop new methods of producing critical minerals and materials. The funds aim to reduce import reliance and support the production of clean energy technologies. Projects focused on environmentally responsible extraction, production, separation, and processing of minerals and

Supply chains are integral to national security and go beyond just military interests. The dispersion of supply chains across national borders brings economic benefits, but also vulnerabilities. Protecting supply chains is important, especially in sectors like semiconductors. Taiwan, through the Taiwan Semiconductor Manufacturing Corporation (TSMC), has built a near monopoly

The recent Procurement & Supply Chain LIVE NY Virtual event hosted a Procurement Strategies Forum, with industry experts offering insight and advice. Other speakers from the event can be watched on demand. BizClik, a global provider of B2B digital media platforms, offers services in various industries including Procurement & Supply

Recognition for the Fairtrade Mark has more than doubled in the last four years, according to Fairtrade America. A survey of 2,000 American consumers found that 61% now recognize the mark, an increase of 20% from 2021. The study also revealed that four in five consumers are willing to

The United States Department of Commerce has made available the proposed Indo-Pacific Economic Framework for Prosperity Supply Chain Agreement. This agreement aims to strengthen supply chains and make them more resilient, efficient, transparent, and inclusive. It also seeks to ensure a reliable supply of critical goods during times of crisis.

The US, Saudi Arabia, India, and other nations are discussing a potential infrastructure deal to connect Middle Eastern countries by railways and ports, linking the Gulf and South Asia. These talks, which may or may not yield a result, are aimed at countering China's Belt and Road Initiative.

Collins Elbit Vision Systems (CEVS), a joint venture between Collins Aerospace and Elbit Systems of America, has been awarded a contract by the Naval Air Warfare Center Aircraft Division for the development of the Improved Joint Helmet Mounted Cueing System. CEVS is introducing the Zero-G Helmet Mounted Display System+ (HMDS+

The Surface Transportation Board (STB) has released a Notice of Proposed Rulemaking (NPRM) focused on reciprocal switching in response to poor rail service. Reciprocal switching would allow a rail shipper to access another railroad if certain conditions are met. The proposed regulations offer a streamlined path for a reciprocal switching

Icelandair Cargo has joined the US Airforwarders Association (AfA) as part of its plans to expand its network in the US. The carrier will introduce dedicated freighter flights to several cities in North America from Liege in September. By joining the AfA, Icelandair Cargo aims to establish closer relationships with

Supply chain consulting and material handling integration firm, Tompkins Solutions, has appointed Jason Kowalskie as vice president of sales. Kowalskie will work with clients to improve their supply chain operations. He brings over 25 years of experience in developing large-scale warehousing and transportation solutions. Tompkins Solutions is currently seeking supply

Hand-grenade training will be included in the basic training of volunteers and conscripts in Taiwan starting next year. The military is restarting the year-long draft and will focus on increasing the difficulty level of training drills. The training will include instructions on throwing grenades and safety standards. Additionally, the military

Dave Clark, a former Amazon executive, recently clashed with Ryan Petersen, the founder of Flexport, a logistics startup. Clark joined Flexport amidst a decline in the company's revenue due to the pandemic. However, Petersen and the board deemed Clark's initiatives too risky and disagreed with his